Centrifuge’s deSPXA token, representing exposure to the S&P 500 index fund, is now accepted as collateral on Hyperdrive, a lending platform on the Base Ethereum layer-2 network. Eligible non-US users can deposit deSPXA and borrow USDC at borrowing costs below 1% APR as of October 2026. Hyperdrive uses a pricing model tied to the net asset value of the underlying fund to reduce liquidation risk. While the current market size is modest with around $15.9K locked, incentives like a 50K USDC lender reward aim to grow supply and meet borrower demand, marking a step forward for tokenized equities in decentralized finance.
Centrifuge's deSPXA token, now accepted as collateral on Hyperdrive, is part of a broader cryptocurrency market where only 5 of 50 major cryptocurrencies rose today. For readers following digital assets, here is Pluang's market snapshot as of Oct 07, 2026 21:23 WIB: The Graph (GRT) fell 8.70% to Rp479 with a typical hold time of 98 days and 74% sell orders, Filecoin (FIL) dropped 8.63% to Rp18,987 with 56% sell orders, while The Sandbox (SAND) gained 8.33% to Rp1,278 with 63% sell orders.
BNP Paribas lowered Hormel Foods' price target from $26 to $23, indicating a potential 16.2% upside from its current price of around $19.80. Despite a 50.5% decline in its share price over five years, Hormel Foods remains attractive for dividend inve...
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